- July 20, 2021
- Posted by: Stratford Team
- Category: Business
Almost overnight, platforms that offer non-dilutive capital for recurring revenue businesses have become white-hot. It was only in March that Pipe — which aims to be the “Nasdaq for revenue” — raised $150 million, but two months later had raised $250 million at a $2 billion valuation.
This fever is now reaching Europe, where today Capchase raises an additional $280 million in new debt and equity funding, led by i80 Group, following a $125 million round in June. But unlike Pipe, Capchase is playing both in the US and in Europe, where it has made €100m available to more than 50 companies in its first month of operation on the continent.
Right now it’s live in the UK and Spain but expects to expand across Europe this year.
The Spanish-American company is also now launching ‘Capchase Expense Financing’ to enable companies to manage their largest expenses – such as legal bills, cloud hosting services, payroll and bonus payments, and…